Life Time Group Holdings, Inc. $LTH Stake Raised by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in Life Time Group Holdings, Inc. by 6.4% in Q1, owning approximately $11.70 million worth of the company's shares.
• Life Time Group reported quarterly earnings of $0.37 per share, surpassing analysts' expectations of $0.33, with revenues of $761.47 million—up 14.0% year-over-year.
• Insider selling includes significant transactions, with CFO Erik Weaver selling 18,000 shares and Director John Kristofer Galashan selling over 11 million shares, indicating a decrease in ownership by key executives.

Algert Global LLC raised its position in Life Time Group Holdings, Inc. (NYSE:LTH - Free Report) by 6.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 387,315 shares of the company's stock after buying an additional 23,420 shares during the period. Algert Global LLC owned approximately 0.18% of Life Time Group worth $11,697,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dnca Finance boosted its position in Life Time Group by 11.9% in the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock valued at $85,000 after buying an additional 407 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in Life Time Group by 12.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company's stock valued at $143,000 after buying an additional 712 shares during the last quarter. Amalgamated Bank boosted its position in Life Time Group by 42.3% in the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock valued at $88,000 after buying an additional 862 shares during the last quarter. Harbour Investments Inc. purchased a new position in Life Time Group in the 1st quarter valued at about $36,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in Life Time Group by 226.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company's stock valued at $53,000 after buying an additional 1,214 shares during the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LTH has been the topic of several research analyst reports. Wall Street Zen cut shares of Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Guggenheim reaffirmed a "buy" rating and set a $36.00 price target on shares of Life Time Group in a research report on Tuesday, June 24th. Morgan Stanley increased their price target on shares of Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Finally, Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 price target on the stock in a research report on Friday, May 23rd. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Stock Performance

NYSE LTH traded up $0.94 during trading hours on Friday, reaching $29.25. The company's stock had a trading volume of 555,437 shares, compared to its average volume of 2,546,742. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. The business has a 50-day simple moving average of $28.71 and a 200 day simple moving average of $29.76. Life Time Group Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $34.99. The stock has a market cap of $6.44 billion, a PE ratio of 28.68 and a beta of 1.73.

Life Time Group (NYSE:LTH - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. Life Time Group had a net margin of 8.03% and a return on equity of 9.05%. The firm had revenue of $761.47 million for the quarter, compared to analysts' expectations of $752.33 million. During the same quarter last year, the company posted $0.26 earnings per share. Life Time Group's revenue was up 14.0% on a year-over-year basis. Life Time Group has set its FY 2025 guidance at EPS. Equities research analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Transactions at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 84,744 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $27.84, for a total value of $2,359,272.96. Following the transaction, the executive vice president owned 249,526 shares of the company's stock, valued at $6,946,803.84. This trade represents a 25.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Erik Weaver sold 18,000 shares of Life Time Group stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $28.74, for a total value of $517,320.00. Following the sale, the chief financial officer directly owned 86,611 shares in the company, valued at approximately $2,489,200.14. This trade represents a 17.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,548,155 shares of company stock valued at $691,624,905 over the last ninety days. Insiders own 8.70% of the company's stock.

Life Time Group Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.